For which types of organizations is the Governmental Accounting Standards Board (GASB)responsible for establishing accounting and financial reporting standards?
A)All state,local,and Federal organizations
B)All state and local governmental organizations,except for state and local governmental colleges,universities,health care providers,and utilities
C)All state and local governmental organizations,including government-sponsored colleges,universities,health care providers,and utilities
D)All governmental and not-for-profit organizations

Question

Quizplus · Accepted Answer

The Governmental Accounting Standards Board (GASB) is responsible for establishing accounting and financial reporting standards for all state and local governmental organizations, including government-sponsored colleges, universities, health care providers, and utilities.

For Which Types of Organizations Is the Governmental Accounting Standards